Offshoring and Outsourcing of Jobs.

In the 1950's the US moved from a manufacturing economy to a service economy. The emphasis was on closing down US plants and sending the work offshore. It was determined that cheap foreign labor would help the US become more competitive. Lost manufacturing jobs were replaced by low end "fast-food" jobs that paid the minimum wage and offered workers no benefits.

Many people went to college to get a "good" office job. These middle management jobs went away as most of the workers to manage were overseas. The need for more managers was overseas not in the US. Many students piled up huge student loans to get the few remaining "good" jobs, but a new threat appeared on the horizon, now with the power of the internet work can be shipped overseas electronically. Most of those few remaining good high paying jobs are currently being outsourced to India.

Much like in the 1950's the work is being sent to low wage countries and the US is losing more good jobs. Offshore outsourcing is destroying millions of good jobs every year. They say this helps us. Well, take a look at the situation in 1956. The US was a manufacturing giant, the economy was booming, the future was golden. Now 50 years later the trade imbalance with China  grows every year and the economy is imploding and the good jobs are disappearing.

Does anyone still think that destroying our industrial base was a good idea?